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Parking Stays Un-Privatized at Indiana University

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Indiana University Treasurer Mary Frances McCourt has estimated that parking operations on campus could generate a $43 million profit over the next twenty years. She presented her findings to the IU Board of Trustees on Friday.

McCourt recommended in October that the university should control its own revenue stream, and the board accepted. McCourt said parking prices will be determined by market peer-rate settings and suggests the funds go to building and repairing facilities on campus.

Parking revenue and expenses currently balance out, but McCourt said